The hidden economy in Spain - A monetary estimation, 1964-1998

Empirical Economics

Volumn 27, Issue 3, 2002, Pages 499-527

  Gadea, María Dolores ^a   Serrano Sanz, José María ^a  

^a UNIVERSITY OF ZARAGOZA   (Spain)

Author keywords

Hidden economy; Monetary approach

Indexed keywords

ECONOMIC ACTIVITY; INCOME; PARALLEL ECONOMY; TAX SYSTEM;

SPAIN;

EID: 0036665779     PISSN: 03777332     EISSN: None     Source Type: Journal    
DOI: 10.1007/s001810100093     Document Type: Article

References (46)

1. Aigner D, Schneider FJ, Ghosh D (1988) Me and my shadow: Estimating the size of the hidden economy from time series data. In: Barnett WA et al. (eds.) Dynamic Econometric Modeling: Proceedings of the Third International Symposium in Economic Theory and Econometrics. Cambridge University Press, Cambridge, pp. 297-334
2. Banco de Espana. Boletín estadistico, various years
3. Banco de Espana. Informe anual, various years
4. Banerjee A, Dolado JJ, Galbraith JW, Hendry D (1993) Co-integration, error-correction, and the econometric analysis of non-stationary data. Oxford, Oxford University Press
5. Banerjee A, Dolado JJ, Mestre R (1999) Error-correction mechanism tests for cointegration in a single-equation framework. Journal of Time Series Analysis 19:267-283
6. Baumol W, Tobin J (1989) The optimal cash balance proposition: Maurice allais priority. Journal of Economic Literature 27:1160-1162
7. Bhattacharyya DK (1990) An econometric method of estimating the 'hidden economy', United Kingdom (1960-1984): Estimates and tests. Economic Journal 100:703-717
8. Blades D (1982) The hidden economy and the national accounts. OECD, Paris
9. Cagan Ph (1958) The demand for currency relative to the total money supply. Journal of Political Economy 66:303-328
10. Coenen G, Vega JL (1999) The demand for M3 in the euro area. European Central Bank. Working Paper, 6
11. Cowell F (1990) Cheating the government. Massachusetts: The MIT Press, Massachusetts Institute of Technology. Spanish version of Rabasco E and Toharia L in Alianza Editorial, Madrid SA, 1995
12. Crane SE, Norzad F (1986) Inflation and tax evasion. Review of Economics and Statistics 68:217-223
13. Dolado JJ (1988) Innovación financiera, inflación y estabilidad de la demanda de ALP en Espan̄a. Boletin Económico. Banco de Espan̄a. Abril, 19-35
14. Feige E (1979) How big is the irregular economy? Challenge 22:5-13
15. Feige E (1985) The unobserved economy. Boston, Cambridge University Press
16. Feige E (1986) A re-examination of the 'underground economy' in the United States. A Comment on Tanzi. Staff Papers, International Monetary Fund 33:768-781
17. Feige E (1989) The underground economies: Tax evasion and information distorsion. Cambridge, Cambridge University Press
18. Frey B, Weck H (1984) The hidden economy as un 'unobserved' variable. European Economic Review 26:33-53
19. Frey B, Pommerehne W (1984) The hidden economy: State and prospects for measurement. Review of Income and Wealth 30:1-23
20. Giles DE (1996) Measuring the size of the hidden economy and the tax gap in New Zealand: An econometric analysis. Working Paper 5a. Inlan Revenue, New Zeeland
21. Giles DE (1999) Modeling the hidden economy and the tax-gap in New Zealand. Empirical Economics 24:261-640
22. Gutmann P (1977) The subterranean economy. Financial Analysts Journal 33:24-27
23. Hill R, Kabir M (1996) Tax rates, the tax mix, and the growth of the underground economy in Canada: What can we infer? Canadian Tax Journal 44:1552-1583
24. Isachen et al. (1981) The hidden economy in Norway. In: Tanzi V (ed.) The Underground Economy in the United States and Abroad. Heath, Lexinngton, pp. 209-231
25. Jareno J, Delrieu JC (1993) Opacidad fiscal, renta y dinero: Una aproximación a la demanda de efectivo en España. Moneda y Crédito 197:63-90
26. Johansen S (1995) Likelihool. Based inference in cointegrated vector auto-regressive models, Advanced Text in Econometrics. Oxford, Oxford University Press
27. Johansen S, Juselius K (1995) Testing structural hypotheses in a multivariate cointegration analysis of the PPP and the UIP for UK. Journal of Econometrics 53:211-244
28. Juselius K, Toro J (1999) The effect of Joining the EMS: Monetary transmission mechanisms in Spain. Discussion Papers 99-22. Institute of Economics, University of Copenhagen
29. Klovland JT (1984) Tax evasion and the demand for currency in norway and sweden. Is there a Hidden Relationship? Scandinavian Journal of Economics 86:423-439
30. Lagares M (1990) La hacienda pública de la democracia española. Ariel, Barcelona
31. Lütkepohl H, Wolters J (eds.) (1999) Money demand in europe. Physica-Verlag, Heidelberg
32. Manzanedo L, Sebastián M (1991) La demanda de dinero en España: Motivo transacción y motivo riqueza: In: Molinas C (ed.). La Economía Española. Una perspectiva macroeconómica. Antoni Bosch, Barcelona and Instituto de Estudios Fiscales, Madrid
33. Naredo JM (1996) La burbuja inmobiliario-financiera en la coyuntura económica reciente. Siglo Veintiuno de España Editores. Madrid
34. Schneider F, Neck R (1993) The development of the shadow economy under changing tax systems and structures: Some theoretical and empirical results for Austria. Finanzarchiv 50:344-369
35. Schneider F (1986) Estimating the size of the danish shadow economy using the currency demand approach: An attempt. Scandinavian Journal of Economics 88:643-668
36. Schneider F (1997a) El tamaño de la economía sumergida en los países de europa occidental. Ekonomiaz 39:136-151
37. th
38. Schneider F, Enste D (2000) Shadow economies: Size, causes, and consequences. Journal of Economic Literature 38:77-114
39. Spiro P (1994) Estimating the underground economy: A critical evaluation of the monetary approach. Canadian Tax Journal 42:1059-1081
40. Tanzi V (1980) The underground economy in the United States: Estimates and implications. Banca Nazionale del Lavoro Quaterly Review 135
41. Tanzi V (1982) The underground economy in the United States and abroad. Massachusets: D. C. Heath, Lexington
42. Tanzi V (1983) The underground economy in the United States: Annual estimates, 1930-1980. IMF Staff papers 80:283-305
43. Tanzi V (1986) The underground economy in the United States. Reply to Comments by Feige, Thomas and Zilberfarb. IMF Staff papers 33:799-811
44. Thomas JJ (1986) The underground economy in the United States. A Comment on Tanzi. IMF Staff papers 33:782-789
45. Wolters J, Teräsvirta T, Lütkepohl H (1998) Modelling the demand for M3 in the unified Germany. Review of Economics and Statistics 80:399-409
46. Zilberfarb B (1986) The underground economy in the United States 1930-80. A Comment on Tanzi. IMF Staff papers 33:790-798